Metal Tiger's mission is to deliver a high return for shareholders by investing in significantly undervalued and/or highly prospective opportunities in the mineral exploration and development sector timed to coincide where possible, with a cyclical recovery in the exploration and mining markets.

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12th Mar 2018 Additional Investment into MOD Resources Limited
01st Mar 2018 Directorate change
27th Feb 2018 Investment in Connemara
22nd Nov 2017 Submission of Members Statement to Kingsgate
24th Aug 2017 Botswana Copper/Silver Project – T3 Mineral Resource Estimate Upgraded

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17:42
13 December 2016
Metal Tiger Plc

Financing Update - £1,590,000 raised

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to advise that the Company has raised £1,590,000 through a strategic placing and subscription of shares in the Company.

Highlights:
Placing of 105,999,988 new ordinary shares in Metal Tiger at a placing price of 1.5p per ordinary share raising gross proceeds of £1,590,000;

Issue of 105,999,988 warrants to subscribe for 105,999,988 new ordinary shares in Metal Tiger at an exercise price of 2p per warrant, within a 12 month exercise period (ie. one warrant at 2p for each ordinary share purchased at 1.5p);

Placing undertaken at the bid price of Metal Tiger stock at the time the placing was commenced;

Funding to augment existing underlying working capital underpinning the Company’s investment in its Metal Projects division and with a specific focus on the Company’s Botswanan project development and Thai Silver-Lead-Zinc mines’ permitting process, as well as to allow the Company to explore corporate activities;

Metal Tiger directors are participating in the placing (Charles Hall Chairman £30,000 for 2,000,000 shares, Michael McNeilly CEO £10,000 for 666,666 shares and Paul Johnson Non-Executive Director £25,000 for 1,666,666 shares).

Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented: “This funding places Metal Tiger in a strong position and enables the Company to further develop its Metal Projects division and explore value generative commercial transactions.

The fund raise is the largest single sum raised by the Company and I am very pleased with the continued and new support we received from existing and new shareholders. The Company remains focused on attracting robust institutional investment and discussions of late, after receipt of the Botswanan scoping study, have indicated that we are closing in on our objective.

Since late November investors have been more focused on the corporate events surrounding Metal Tiger, rather than the underlying value in the Company’s core projects. The board believes that these projects hold significant value which is considerably in excess of the current market capitalisation. This position is supported by broker and analyst reports prepared in respect of the Company.

Given the recent interest in our Joint Venture in Botswana it is essential that we enter 2017 in a position of strength being able to demonstrate to the market, to parties interested in the project in Botswana and to our joint venture partners that we are able to meet our financial commitments.

We are also looking to further strengthen the Board, and in particular are looking to appoint a technical director who can support our investments on the ground.
Whilst our Asset Trading division holds a diverse range of resource equity interests and is showing a significant profit against the original cash invested, we will not utilise any of the funds raised today for additional Asset Trading investments. Instead, that division can only utilise funds generated internally for any further investments. This is in line with the Strategy Update published to the market on 9 December 2016.

Metal Tiger now has the business model and cash resources to push ahead with key projects and the Board is committed to growing the inherent value in the Company’s portfolio and demonstrate the significant value that can be added by careful dedicated investment into the Metal Projects division.”

Placing and Subscription Summary
Metal Tiger has agreed a placing and subscription to raise £1,590,000 gross proceeds through the issue of 105,999,988 new ordinary shares in Metal Tiger at a price of 1.5p per share (the “Placing Shares”).

Each Placing Share issued has an accompanying warrant to subscribe for an additional new ordinary share at a price of 2p in Metal Tiger at any time within the 12 months following admission to trading of the Placing Shares (a total of 105,999,988 warrants).

Director Shareholdings and Related Party Disclosures
Following the placing the Directors of the Company will hold the following total shares and percentage interests in the issued share capital of the Company:

***SEE LINK AT BOP***

Total Voting Rights
The Placing Shares are expected to be admitted to trading on or around 29 December 2016. Following the issue of the total Placing Shares, the number of ordinary shares in issue in the Company will increase 767,132,657 shares. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists of 767,132,657 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.

For further information on the Company, visit: www.metaltigerplc.com:

http://www.metaltigerplc.com/index.php/investors/latest-news/975-financing-update-1590000-raised-2016-12-13-174200

14 December 2016
Metal Tiger Plc

 
Thailand Mineral Act 2016 Update
 
Metal Tiger (LON: MTR), the natural resources investing company is pleased to provide an update with regard to the drafting of a new Mineral Act in Thailand.
 
On 8th December 2016 the Thai National Legislative Assembly approved a draft of the Mineral Act 2016.  The draft will enter the legislature subject to the signature of King Maha Vajiralongkorn.
 
Following an initial review the Company is pleased to confirm the Mineral Act proposed includes a number of positive and progressive changes to the original legislation that will further support diligent and respectful investors in Thailand to undertake mineral exploration and development work.
 
The Company's joint Venture partner Metal Tiger Thailand is currently undertaking a full review of the proposed Mineral Act and will provide a further and fuller update to market in due course.
 
 
Michael McNeilly, Chief Executive Officer of Metal Tiger plc commented: "Metal Tiger is pleased to be able to report with regard to the proposed Mineral Act 2016 which we consider represents a significant positive step forward. 
 
Our Joint Venture partners Metal Tiger Thailand has assembled a strong team focused on Thailand mineral exploration, development and production.  The strategic value of our investment in Metal Tiger Thailand is bolstered materially by positive developments of this nature in the legislature.
 
The Company considers that Thailand has exceptional geology and we have invested on the basis of building one of the strongest strategic operations in-country. 
 
Metal Tiger Thailand is focused on working in a manner respectful of the Thai people and the legal/regulatory structures in place and we look forward to providing a fuller update to market in due course."

http://www.moneyam.com/action/news/showArticle?id=5465403

19 December 2016
Metal Tiger Plc

Update on Botswanan Joint Venture Partner

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities notes that MOD Resources (ASX:MOD), the 70% owner of Metal Tiger’s Joint Venture in Botswana has today raised A$5.46 million (approx. £3.19 million) to fund ongoing expenditure on the Botswanan project.

In particular the funds raised will be utilised for feasibility studies in respect of the Joint Venture T3 copper-silver deposit and for further substantial exploration across the T3 Dome structure.

Work is set to resume on site in early January 2017 after the Christmas break. Exploration will include resource extension and geotechnical drilling at T3, completion of soil sampling coverage of T3 Dome, systematic RC drilling along the T3 host sequence, a trial 3D IP survey to define structural targets at depth and diamond drilling for testing new targets.

A copy of the announcement released today by MOD Resources can be found at the following link:
http://www.modresources.com.au/asx-announcements

For further information on the Company, visit: www.metaltigerplc.com:

Notes to Editors:

Metal Tiger plc is listed on the London Stock Exchange AIM Market (“AIM”) with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.

The Company’s target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Company’s key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.

Metal Tiger’s Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.

The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an ISDX or AIM partner with whom the Company is engaged.

Metal Tiger also has an Asset Trading Division that holds various financial instruments for trading purposes including equities, warrants and royalty income. The aim of the division is to generate profits to reinvest into the Company’s project based activities.

http://www.metaltigerplc.com/index.php/investors/latest-news/977-update-on-botswanan-joint-venture-partner-2016-12-19-083300

Metal Tiger’s Botswana JV partner raises £3mln
10:19 19 Dec 2016

MOD Resources will use the cash to cover the costs of the feasibility studies at the T3 copper-silver deposit in Botswana



Metal Tiger PLC’s (LON:MTR) joint venture (JV) partner in Botswana has raised more than £3mln to help fund its side of the ongoing costs at the Kalahari copper belt project.

Aussie-listed MOD Resources (ASX:MOD) has managed to drum up £3.19mln (A$5.46mln) from its investors and will put the cash towards the cost of the feasibility studies for the T3 deposit at the project.

Some of the money will also be used to fund further exploration at the T3 Dome structure.

Work is set to resume on site early in the New Year after the planned Christmas break, Metal added.

Only last week, Metal itself raised £1.59mln to beef up its cash position and to help support development at the copper venture.

A recent scoping study estimated that the T3 deposit had a base case net present value (NPV) of US$180mln and an estimated total cost of US$135mln.


Tom Howard

21 December 2016
Metal Tiger Plc

High Court approval of Capital Reduction

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce that it has today received High Court approval for the cancellation of the Companys share premium account and cancellation of Deferred Shares (the Reduction).

The purpose of this Reduction was to create distributable reserves which may be used for corporate purposes, including the payment of dividends.

Michael McNeilly, Chief Executive officer of Metal Tiger plc commented: Metal Tiger is pleased that this process has now completed. The Company is now in a position where, in the event of a successful exit of one of its core projects, it could envisage paying a dividend to shareholders.

For further information on the Company, visit: www.metaltigerplc.com:

http://www.moneyam.com/action/news/showArticle?id=5469901

 ***Taken from the announcement from Eurasia Mining plc today



Semenovsky Tailings ("STP") Metallurgical Study Update

Eurasia, working in partnership with Metal Tiger plc ("MTR"), is pleased to report that the Company has received results from the latest phase of metallurgical testing undertaken on STP samples by the Chita branch of SGS Laboratories.

Further to our update of 4 July 2016, which reported fire assayed gold and silver results from Eurasia's 2016 sampling program to be in-line with previous workers' estimates, we are pleased to report results from cyanide bottle roll test-work and an optimization study for each of cyanide concentration, retention time, fine grinding and oxygen/ air sparging.

In addition, a further extension to the Memorandum of Understanding with the projects owners has also been agreed, to allow continued due diligence and follow up metallurgical analysis. The period of exclusivity agreed now extends to end of February 2017.

Background to the Semenovsky project and metallurgy

As set out in the announcement of 16 November 2015, Eurasia signed a Heads of Terms agreement with OOO Metallurg Complect, a Russian minerals company, guaranteeing an exclusive option to acquire up to 67% of STP. Simultaneously, an option agreement was executed with Metal Tiger PLC("MTR") allowing MTR to participate equally with Eurasia in the STP.

Both agreements have subsequently been extended (see RNS dated 12 February 2016, 4 May 2016 and 31 August 2016) to allow completion of project assessment. During the period a TEO was written and submitted for approval at the Bashkirian Ministry of Mines. Subsequently, a Reserves Report incorporating a new reserves calculation was commissioned and lodged for approval. Both documents were approved by the expert mining team at the Bashkirian Ministry of Mines (See RNS dated 26 April 2016 and 31 August 2016) The TEO demonstrated the economic extraction of the Reserves approved as Russian standard C2; 2.99 million tonnes at 1.18 g/t gold and 16.44 g/t silver (metal contained calculated as 3.5 tonnes (123k ounces) of gold and 49.3 tonnes (1.7m ounces) of silver.

Eurasia's internal economic calculations show the project to have robust economics for a simple cyanide leach circuit at gold recoveries greater than 25%. Internal calculations undertaken by Eurasia on the STP now indicate a potential 8.5-year mine life, producing an average of 4,938 ounces of gold and 682,000 ounces of silver per annum and generating total revenues of $57 million at a projected gold price of $1,135 per ounce and projected silver price of $16 per ounce (gold and silver prices as at 20 December 2016).  After allowing for processing costs, land rehabilitation and relevant taxation, Eurasia has estimated that free cashflow would total $33m or $3.8 million per annum. Utilizing a 10% discount rate Eurasia has estimated that the project Net Present Value would be approximately $15m with a project Internal Rate of Return of approximately 54%. 

The figures above are given for guidance only and are subject to updating, correction and verification. The figures will be reviewed and updated when Eurasia has undertaken its own more detailed work on the site.

Metallurgical study

A metallurgical sample was collected in April 2016 by drilling 5 drill holes evenly spaced within the tailings dam. 1 metre sample intervals were dried and split before shipment to SGS Chita for a series of tests including assay and recovery by cyanide dissolution. Further quantitative and qualitative mineralogy was performed including gold phase analysis and XRF mineralogy on some samples. 

All drilling metre intervals were initially assayed and tested for recovery to cyanide by the standard bottle roll test method.  Composites were then formed from specific drill intervals, chosen for having similar lithological and gold recovery characteristics. Forming composites allows for a larger homogenized sample for optimization studies which by their repetitive nature require larger quantities of sample. Known stratification in the tailings dam has created ore types which have been classified by Eurasia; the composites formed reflect this stratification. A total of 5 composites were formed for tests to optimize cyanide concentration, liquid to solid ratio within the cyanide testing column, retention time, and the effect of air and oxygen sparging. These tests are essential to the work of project metallurgists but are considered beyond the scope of this press release.
 
Highlights of the Metallurgical study


·     Cyanide bottle roll tests on unground material at a cyanide concentration of 0.05 mg/l recovered on average 38% of gold and 48% silver (average of all samples tested)
·     Grinding liberates further metals for leaching - Up to 55% gold and 57% silver (tests conducted on composite samples)
·     Specific ore types with differing recovery characteristics and mineralogy now better defined within the tailings dam
·     Gold phase analysis and qualitative and quantitative mineralogy allow for more specific gold recovery testwork
 
Future testwork under consideration consists of several ore pre-treatment options, and the application of modern gravity recovery techniques.

Christian Schaffalitzky MD at Eurasia Mining commented: 'We appreciate that the information regarding Semenovsky Tailings is of a technical nature and may contain terminology unfamiliar to most of our shareholders. To summarise, this testwork is designed to find the most sensible and cost effective means of recovering gold using the most widely used method in the industry, that of cyanide leaching. Gold is soluble in fluids containing low concentrations of cyanide and can later be won again from the cyanide solution.

Ores are often put through a series of iterative tests to arrive at the most economic processing scheme of the many available.  Our approach thus far has been to not overcomplicate matters with sophisticated circuits such as floatation cells and or fine grinding, as previous metallurgical studies demonstrated economic gold recovery from straight-forward cyanide leaching of the material as is.  The results of this testwork prove that to be true, however further work is still required to make a commercial decision. Extending the MOU to Q1 2017 protects our work to date and will allow for more conclusive testwork and a well-defined and a costed processing route.

We look forward to updating shareholders on further developments at our Monchetundra and West Kytlim Projects and thank our shareholders for their support through what has been an exciting and meritable year for the company. 2016 has also been a pivotal year in that the company made the transition from exploration to production of platinum and gold at West Kytlim and with regard to a successful award of an EPC Contract and associated financing from Sinosteel. We are grateful to our shareholders for their commitment and support in our exciting journey".

http://www.moneyam.com/action/news/showArticle?id=5470547

30 December 2016
Metal Tiger Plc

Issue of Equity for Services

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce that it has agreed to issue 7,522,523 new ordinary shares in lieu of cash for marketing, communications and other professional services provided to the Company.
The shares 7,522,523 were issued at the 15 day VWAP to the close on the 28th December 2016 being 1.554 pence per share. This represents a slight premium to the closing share price on the 29 December 2016.

The 7,522,523 new ordinary shares are expected to be admitted to trading on or around 6 January 2016. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 774,655,180. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists of 774,655,180 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury.

This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.

http://www.moneyam.com/action/news/showArticle?id=5472752

TR-1: Notification of Major Interest in Shares

MICHAEL JOSEPH increased from 19,484,950 to 29,484,950 (3.84%)

http://www.metaltigerplc.com/index.php/investors/latest-news/980-tr-1-notification-of-major-interest-in-shares-2017-01-03-132600

05 January 2017
Metal Tiger Plc

Appointment of Technical Director

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce the appointment of Alastair Middleton as the Companys Technical Director with immediate effect.

Michael McNeilly, Chief Executive officer of Metal Tiger plc commented: I am pleased to welcome Alastair Middleton to the Metal Tiger team where I hope he will be able to add tremendously to our technical capabilities as we deliver on our strategic objectives and work closely with our key joint venture partners.

From a technical point of view Alastairs experience will be invaluable in reviewing and judging the work undertaken by our joint venture partners (both in-house work as well as third party work) to enhance the Boards strategic decision making with regard to its key projects. His technical and investment banking experience makes him an ideal addition to the team and should fit well with the short and medium-term goals of the Company to deliver value from its direct projects as well as to assess, as and when appropriate, new direct project investment opportunities.

It is the Boards belief that Alastairs experience , in particular, his London presence will help Metal Tiger to gradually position itself towards more institutional investors and industry media. Furthermore his experience and achievements will be invaluable in providing reliable and meaningful input with regard to appropriate valuation on any exit opportunities as and when they present themselves.


Director background:

Alastair Middleton is a mining industry executive with more than 27 years of international experience, in both underground and open pit operations and brings with him considerable technical and financial knowledge. He transitioned to investment banking in 2008 and has since undertaken hundreds of techno-economic assessments on major mining companies and emerging market projects, resulting in a substantial amount of funding.

Alastair is a qualified geologist and has a Master of Science and Diploma in Mineral Exploration from the Royal School of Mines, Imperial College.

He worked for four years as a Mining Geologist with Goldfields of South Africa in the early 1990s before joining Datamine International (UK) where he worked for 14 years joining as a consultant and being promoted to General Manager and Principal Mining Consultant. During his tenure he developed geological models, created mine designs, optimised mining schedules and worked with a client base that included several major mining companies as well as junior mining companies.

He is a qualified Competent Person for a range of commodities, including gold, base metals, coal and industrial minerals. In 2008 he joined Standard Bank as a Director and Technical Advisor where he had overall responsibility of technical approvals and signing off all mining finance deals and worked on deal transactions involving debt finance, corporate, off-takes, equipment finance, M&A, advisory and business recoveries.

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

Mr Alastair James Middleton, aged 51, holds or has held the following directorships or partnerships in the past five years:

Current:
There are no other current directorships

Previous:
Furhome Limited

Shareholding in the Company: none

Save as disclosed, there are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.

http://www.moneyam.com/action/news/showArticle?id=5475031

MOD Steps Up Activities Along T3 Dome
10 January 2017

https://hotcopper.com.au/threads/ann-mod-steps-up-activities-along-t3-dome.3156467/?post_id=21785180


10 January 2017
Metal Tiger Plc

Botswana Copper/Silver Project - Licence Extensions and Drill Results

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update with regard to the Companys Joint Venture (JV) project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).

Technical highlights in respect of the T3 Deposit including the pre-feasibility study programme, progress and drilling updates are provided below. In addition, we would refer to the announcement released today by MOD Resources which contains images and diagrams that may assist readers in an understanding of the project licences and the reported infill drill collar locations. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web

Michael McNeilly Chief Executive Officer of Metal Tiger commented
We are delighted to report that the various Resource extension and Prefeasibility Study related work streams are now underway following the field teams well deserved seasonal holiday. Drilling recommenced with two diamond and one RC rigs tasked with gathering data for constituent studies including Resource Extensions, Hydrological and Geotechnical studies and additional Metallurgical testing.

Whilst the core technical team is focussed on delivering the T3 PFS, we do not lose sight of the significant upside which is represented by our licence holding over the remainder of the prospective T3 Dome. We believe that the T3 Deposit may potentially form part of a much larger sediment hosted copper footprint in the Kalahari Copper Belt.

To this end the joint venture continues to invest in geochemical sampling, geophysics and follow-up investigation work in our wider licence holding. Cognisant that the remainder of the T3 Dome landholding, and the wider licence portfolio have the potential for hosting additional T3 type deposits. As such, we look forward to the prospect of announcing further, encouraging, progress reports in the near future.

***More from link below***

http://www.moneyam.com/action/news/showArticle?id=5477320

Wed, 11th Jan 2017 08:41
Metal Tiger Plc

Commencement of IPO Process and Appointment of Executive Director

Metal Tiger (LON: MTR), the natural resources investing company, is pleased to announce that the Song-Toh and Boh-Yai Thai Silver-Lead-Zinc Mines Joint Venture (the “Thai Joint Venture”) has formally commenced an IPO process with regard to seeking admission to trading on AIM in Q2 2017. The Company is also pleased to announce the appointment of Geoff McIntyre as a Company Executive Director with immediate effect. The incumbent Board prior to Geoff’s appointment believes that his knowledge of Thailand as well as the Boh-Yai and Song-Toh project will be essential to the Company as it seeks to assist the Thai Joint Venture with its IPO process.

Michael McNeilly, Chief Executive officer of Metal Tiger commented:
“The IPO of the Thai Joint Venture is expected to realise significant value for all interested parties and shareholders and create a highly attractive company on AIM for investors to gain exposure to a near-term production silver-lead-zinc project. Having listened to the concerns of Metal Tiger shareholders and assessed Metal Tiger’s business strategy with the Board, I am pleased that the Thai Joint Venture has agreed that seeking an IPO on AIM is in the best interests of all parties. I look forward to working with the Thai Joint Venture to make this IPO a success and to realising the true and currently unrecognised and not reflected value of Metal Tiger’s interest in the Thai Joint Venture for Metal Tiger shareholders. I am grateful for shareholders’ support of the Company and hope that they will continue to support Metal Tiger’s ambitions as it evolves as a business.

I am very pleased to welcome Geoff McIntyre, a highly experienced mining executive, to the Board of Metal Tiger and look forward to working with him to deliver value to shareholders of Metal Tiger.”


Thailand IPO and New Director Appointment

The Board believes that Metal Tiger’s 77.9% effective interest in the Thai Joint Venture (based on current structure) is afforded only modest value within the Company’s overall market cap, considering it offers the potential for near term production project with low capex, low deal cost and the primary risk to development being permitting. The Thai Joint Venture is progressing permitting via the experienced and (predominantly Thai team) in place. Updates on permitting progress will be made as and when appropriate. The following studies have already been or will be commissioned in the next month by the Thai Joint Venture:

.Mine Plan for permitting submission (Bara Consultants)
.Hydrogeology Study (GWRC)
.Environmental Plan (IEM)
.Second Baseline Study (IEM)
.Tailings Dam Stability Assessment (Bara Consultants)
.Economic Study for permitting submission (5 Corners)
.Underground Stability Assessment
.Tailings Geochemistry
.Underground Air Quality Survey
.Resource Recalculation which is expected to increase the Resource confidence published in the 2012 NI 43-101
.Updated AIM Standard compliant Preliminary Economic Assessment report using
Resource Calculation

Following discussions amongst the Board, brokers, advisers, and the JV partner Pornnaret Klipbua (known as “Det”), the Directors are confident that there will be parties interested in financing an IPO of the Thai Joint Venture. The Board notes that the Thai Joint Venture may consider seeking pre-IPO funding and that Metal Tiger may consider offering to underwrite a portion of the pre-IPO fundraising should it occur as well as potentially underwrite a portion of the IPO fundraise as appropriate.

The Joint Venture and Metal Tiger teams have actively assessed the cost-to-benefit-risk of an IPO and notes that there are low up-front and limited monthly costs to be paid to advisers as part of the process and to the extent possible, the majority of advisers’ fees will be paid on a success basis. The Directors note that the Thai Joint Venture will need to raise a minimum of 12 months (in practice 18 months) working capital as part of the IPO and is confident that this figure will not need to include Capex requirements related to the project and therefore will comprise primarily costs associated with permitting and preparation for refurbishment of the processing plant and refurbishment and replacement of equipment amongst other costs. Metal Tiger will of course meet its funding obligations under the terms of the JVA during the IPO process which should in turn reduce the working capital requirements of the Thai Joint Venture upon admission (should this be successful).

The Directors note that a successful IPO of the Thai Joint Venture would eliminate a significant cost base within Metal Tiger which would allow the Company to deploy its capital toward financing the Joint Venture in Botswana and as appropriate toward other Direct Project investments. It is the Board of Metal Tiger’s intention to issue a dividend-in-specie to Metal Tiger shareholders as part of the Thai Joint Venture’s IPO.

As part of the IPO there will be a requirement to provide a competent persons report within the admission document and it is the Thai Joint Venture teams’ belief and its consultants’ belief that there is the potential to add a significant amount of resource to the previously completed resource statement issued in the 2012 ACA Howe NI 43-101 report. “Det” Pornnaret Klipbua the Joint Venture partner will be actively involved in the IPO process and subject to regulatory approval will be a Director of the Thai Joint Venture upon admission to trading.

Whilst the Board is highly confident in the potential for a successful IPO of the Thai Joint Venture, the Board of Metal Tiger notes that there can of course be no guarantees that an IPO of the Thai Joint Venture and the associated fundraise will be successful. Furthermore, there can be no guarantee that the IPO will complete by the end of Q2 2017. The commencement of this IPO process will in no way rule out the right of Metal Tiger to dispose of its stake in the Joint Venture should an attractive offer materialise that would in the opinion of the Board be better value for shareholders of Metal Tiger.

Metal Tiger will advise at an appropriate time on the Board composition of the Thai Joint Venture seeking admission to trading on AIM. The Board of the Thai Joint Venture, should it successfully admit to trading on AIM, will be required to adhere to appropriate corporate governance requirements and Metal Tiger accepts, as a likely substantial shareholder in the listed company, that it would need to enter into an appropriate relationship agreement as part of any admission to trading on AIM.

Director background:

Geoff is an experienced management professional and project developer having advised private and public companies on a variety of corporate transactions in the mineral development industry in Southeast Asia.

Geoff specializes on providing strategic advice for project development. Prior to his career in mining project development, he worked in start-up companies and business development. Geoff has completed a BA and MA in studies in Canada and Australia.
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies: ***See Link Below***

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MTR&ArticleCode=92uex5u3&ArticleHeadline=Commencement_of_IPO_Process_and_Appointment_of_Executive_Director

From yesterday:

Metal Tiger to list Thai mining joint venture on Aim
By Jon Yeomans
11 January 2017 • 2:57pm



Junior mining group Metal Tiger plans to bring a taste of Thailand to London’s Aim market, with the initial public offering of shares in a silver, lead and zinc venture.

Aim-listed Metal Tiger claims the float is “the first IPO of a Thai operation on the London stock exchange”, and could help spark investor interest in the southeast Asian country.

“Thailand is a very interesting jurisdiction and hopefully this will open up the market to other attractive Thai companies,” said Michael McNeilly, chief executive.

Metal Tiger has a 78pc interest in the Song-Toh and Boh-Yai mines, which operated for 32 years but were mothballed in 2002 due to low metal prices. The remainder is owned by Thai company Pornnaret Klipbua, which holds the mining licence.

Metal Tiger believes the value of the venture is not currently recognised in its market cap, which stands at around £12.6m.

Spinning the venture off would “benefit shareholders and unlock unrealised value”, according to Mr McNeilly.

The move will also allow Metal Tiger to focus on building a copper and silver mine in Botswana, which it is progressing towards construction.

The Thai operation is based in Kanchanaburi Province, close to the site of the famous bridge on the River Kwai, which was built by British prisoners of war in World War II and immortalised in a 1957 film.

Metal Tiger estimates it would need just $15m to $20m (£12m to £16.5m) of capital to refurbish and reopen the operation, with a view to production resuming in 2018.

Mr McNeilly said the IPO was a “robust proposition” that would allow investors to benefit from rising zinc and silver prices. “The only risk is permitting,” he said, adding that he was confident all the necessary permits would be in place in the next 12 to 18 months.

The listing is expected to go ahead in the second quarter of the year, and Metal Tiger may consider underwriting some of the IPO fundraising. The float will aim to raise £3m to £4m, which will be used to finance 12 months’ working capital.

ready for a BREAKOUT

Metal Tiger Plc

Directorate Change

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce the appointment of Mark Potter as a Company Non-Executive Director with immediate effect. The Company also announces the resignation of Paul Johnson as Non-Executive Director with immediate effect.

Michael McNeilly, Chief Executive Officer of Metal Tiger plc commented: I am very pleased to welcome Mark Potter to the Board of Metal Tiger. Mark has a wealth of relevant industry experience and knowledge and this, coupled with his investment track record, strategic and financial investor base and access to capital, will add tremendous value to the Company. I believe we have secured a key individual who complements and significantly enhances the current range of skills of our Board. I very much look forward to working with him and the rest of the team at Metal Tiger going forward and believe that there are exciting times ahead for the Company as we grow the investment proposition through seeking new high impact investments and further develop relationships with strategic and institutional investors as we unlock the value of our core projects.

Paul, as the ex-CEO of Metal Tiger, has been a key part in this Companys journey to where it is today and he stepped back in to assist at a critical time in the Companys evolution. Paul has left to pursue other interests and the Board and I would like to thank him for his tremendous contribution to Metal Tiger and wish him success in his other ventures.

Mark Potter, Non-Executive Director of Metal Tiger plc commented: I am delighted to join the Board of Metal Tiger and look forward to assisting the Company identify new investment opportunities as well as develop and progress the existing project portfolio. In particular, the Companys interest in the high grade copper project in Botswana, provides shareholders with an economically robust project in an established mining jurisdiction at the current copper price, with the scope for substantial value creation through exploration, which I am confident will attract significant strategic and financial investor interest.

Director background:
Mark is the Founder and a Partner of Sita Capital Partners LLP, an investment management and advisory firm specialising in investments in the mining industry. He was formerly a Director and Chief Investment Officer of Anglo Pacific Group, a London listed natural resources royalty company, where he successfully led a turnaround of the business through acquisitions, disposals of non-core assets, and successful equity and debt fundraisings. Prior to Anglo Pacific, Mark was a founding member and Investment Principal for Audley Capital Advisors LLP, a London based activist hedge fund, where he was responsible for managing all natural resources investments. Mark worked on several landmark deals in the mining sector including the successful distressed investment and turnaround of Western Coal Corp and its $3.3bn sale to Walter Energy Inc. Mark invested over $300mm during the period 2005 to 2012 in the mining sector, generating P&L in excess of $600mm and realised proceeds of over $900mm. The Audley European Opportunities Fund was nominated by Eurohedge as a top performing hedge fund in the event-driven space for 2006, 2007 and 2010. Prior to Audley Capital, Mark worked in corporate finance for Salomon Smith Barney (Citigroup) and Dawnay, Day, a private equity and corporate finance advisory boutique and completed over $2bn of M&A, equity and debt transactions. Mark graduated with an MA degree from Trinity College, University of Cambridge.

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies ***See Link Below***

http://www.moneyam.com/action/news/showArticle?id=5479973

1.80p +0.05p

Lots of buying and movement up to an important point. Mark Potter already owns 6m MTR shares is a heavy weight appointment, ex Anglo Pacific

spread 1.75 v 1.80p
Level 2 of 2 v 1

Metal Tiger is in good hands now.





Should be a really exciting year.




Interesting interview.








http://www.proactiveinvestors.co.uk/companies/stocktube/6738/metal-tiger-plc-welcomes-exciting-additions-to-management-6738.html

18 January 2017
Metal Tiger Plc

Issue of Management Options

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce the issue of management performance share options (New Options) to existing and recently appointed directors.

The New Options were determined by the Companys Remuneration Committee which then comprised Charles Hall (Non-Executive Chairman) and Paul Johnson (then Non-Executive Director) and approved by the Board.

All New Options will vest immediately but only be exercisable whilst the director remains in the employ of the Company or any time after 12 months service from todays date.

The New Options to be awarded are as follows: ***See Link Below***

http://www.moneyam.com/action/news/showArticle?id=5481535

Cheers geoffsh, only just watched the interview repeated with clickable link below:

Metal Tiger PLC welcomes 'exciting additions' to management
08:10 17 Jan 2017

Metal Tiger PLC (LON:MTR) CEO Michael McNeilly and non-executive chairman Charles Hall spoke to Proactive about Mark Potter, a founder and partner at investment firm Sita Capital and a former CIO at Anglo-Pacific, coming on board as a non-executive.

They also discussed the hiring of Alastair Middleton, a mining and City specialist as their new technical director to help with key decisions on its projects.

It's been a busy start to the new year for the natural resources investor with the company also announcing they're set to spin out its Thai assets after confirming plans to float its silver, lead and zinc-focused Thai joint venture on AIM.

1.95p + 0.30 (+18.18%)

The doubling in price on one of their stake in GGP is doing very well on the share price and now breaking up from the downtrend into UPTREND as is with volume a better confirmation